I reckon buying an AUDUSD put option, out of the money, expiring a few days ahead, is an excellent risk/reward opportunity.
Current AUDUSD Spot reference: 0.9677 bid
Im short half a trade AUDUSD and half a trade NZDUSD at about current levels.
Likely to see some squaring of the AUD longs (profit taking) before the cash rate. With the reference mentioned above, it is likely the AUDUSD will get into the cash target announcenent some 10-20 pips below.
Have fun!
Current AUDUSD Spot reference: 0.9677 bid
Im short half a trade AUDUSD and half a trade NZDUSD at about current levels.
Likely to see some squaring of the AUD longs (profit taking) before the cash rate. With the reference mentioned above, it is likely the AUDUSD will get into the cash target announcenent some 10-20 pips below.
Have fun!